A growing significance of telecommunication was discerned since the final three decades of 20th century for its ever-growing affect productivity. It’s an essential economic factor that plays an integral role in evaluating the economic growth. It has been identified as the inspiration for economic prosperity prerequisite for national development in addition to an acute indicator of organizational competitiveness. Not just in economic growth nevertheless the telecommunication has greater affect socio-economic and overall development as well.
I’d like to do some highlights on it. Post-modern civilization has a tendency to make a confusion making them equal and furthermore confusing the people that they are alike. But the basic difference between both of these terms is that growth relates to increase in quantity what we already have, whereas development means both quantitative and qualitative improvement.
Telecommunication is among the important means for increasing the economic growth and economic development at length telecom recruiters. Telecommunication causes companies to use their input resources as much as possible in a fruitful way. There is a sharp controversy on whether or not the investment in IT and telecom provide improvements in productivity and business efficiencies.
Investment on IT and telecom sectors could make poor direct contribution to efficiency of companies until they are along with complementary investments in business activities, company restructuring, and human capital. As we get various research works from Cobb-Douglas model (was used to examine the impact of Information Technology investment on productivity at Telecommunication Company of Tehran (TCT) and Weighted Least Square (WLS) (was run by SPSS 15 to try hypotheses) – it’s explicit that IT investment not only makes the positive contribution to the output of Telecommunication Company but in addition this contribution is positive after deductions for depreciation and labor expenses.
At the current era there are plenty of telecom service providers in the global in addition to national market in Australia. They are knowingly or unknowingly all these factors, with a perseverance that telecommunication can accelerate a small business in addition to a strong brand image have entered into this telecom arena.
Its importance and ever-growing demand was clearly estimated form the fourth edition of the ITU’s World Telecommunication Development Report (Malta, March 1998). It showed the growing significance of electronic information for economic, educational and social advancement, highlighting how critical universal use of communications has become. For over 40 million people was awaiting a telephone line worldwide. Where least developed countries have telecommunication penetration levels around 200 times below that of developed countries.
Keeping pace with complementary investments in business activities, company restructuring, and human capital and to generally meet the ever-increasing demands of the global people (explicit from World Telecommunication Development Report, Malta, March 1998), Teleus, a respected Australian telecommunications company, has entered into the telecom arena to produce this service most cost-effective. For company’s research focus on all nitty-gritty telecom aspects the company is able to provide its clients cheap business calls and unlimited business phone lines facilities. Because of their long-term clients the company has attractive business telephone call packages at the inexpensive rates.